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Schwab reserves the right to change or waive fees at our discretion, subject
to notification in accordance with applicable laws and regulations.

Introduction

Schwab provides a broad range of value-added services, some of which have
associated fees. This document provides you with an overview of standard pricing
for commission rates, transaction fees, and key account charges and service
fees.

Information detailed in this guide also applies to international clients
(clients residing, or who later move, outside the U.S., its territories and
possessions). Commissions and fees described in this guide are stated in U.S.
dollars. Not all products and services are available in all countries, and may
be subject to country-specific restrictions. A separate pricing guide applies to
clients associated with Charles Schwab, Hong Kong, Ltd.

Certain clients may have a different pricing structure based on assets or
activities in their accounts at Schwab.

For Clients of Charles Schwab Singapore Pte. Ltd.

Charles Schwab Singapore Pte. Ltd. provides you with all the products and
services and maintains the account relationship with you. Charles Schwab
Singapore Pte. Ltd. outsources some functions and services to Charles Schwab
& Co., Inc. and Charles Schwab Futures, Inc. (collectively referred to as
"Schwab") relating to securities and futures, respectively. You may receive
communications or material directly from Schwab. For all queries relating to
products and services, please contact Charles Schwab Singapore Pte. Ltd.

Definitions

Accounts of Your Household—Accounts that have been linked in
accordance with Schwab's householding guidelines. Schwab makes a reasonable
effort to automatically link qualified accounts of persons with the same last
name at the same home address, including accounts held at certain Schwab
affiliates.

Schwab aggregates the balances and activities of Accounts of Your Household
to determine for your brokerage accounts: the interest rate that certain cash
balances receive, whether those accounts may qualify for certain fee waivers,
and whether those accounts may qualify for certain benefits or features
("Household Calculations").

Schwab may consider other accounts to be in your household upon your request
if account holders are in the same family, there is a dependent relationship, or
in certain other similar instances at Schwab's discretion. You are responsible
for identifying accounts that should be linked for purposes of determining
Accounts of Your Household and Household Calculations. For example, if you or
other members of your family who reside at your home address have a different
last name (including a spouse, if applicable), you need to contact Schwab to
request that we combine your accounts for purposes of Household Calculations. If
an account is added to Accounts of Your Household, any impact on Household
Calculations may not take effect until the following quarter.

Householding rules applicable to fiduciary accounts are as follows:
IRA, Custodial and certain Trust accounts that meet Schwab's
householding guidelines generally will be automatically included in Accounts
of Your Household and Household Calculations. If you have an IRA, Custodial or
Trust account and you are acting in a fiduciary capacity, it is your
responsibility and not Schwab's to consider whether it is appropriate to
consider the balances and activities of that account in Household
Calculations, which could benefit the fiduciary account and/or other Accounts
of Your Household. You must contact Schwab to request that the balances and
activities of your fiduciary account not be included in Accounts of Your
Household and Household Calculations if you determine that it is not
appropriate.

Qualified Retirement Plan (QRP), Keogh, Company Retirement Account (CRA),
Pension Trust, Individual 401(k) and 403(b)(7) accounts (collectively,
"Retirement Plan Accounts") are not automatically included in Household
Calculations. However, for certain services, the account holder of the
Retirement Plan Account may elect to include the Retirement Plan Account in
Accounts of Your Household and Household Calculations by providing Schwab with
written instructions to do so. Please contact Schwab for the required
form.

Automated Phone Trades—Trades placed through Schwab by
Phone™ and TeleBroker®.

Direct Access—A feature that allows trades to be placed
directly through an electronic communications network, market maker or
exchange.

Household Balance—The total combined value, over a given
period of time, of the assets in Accounts of Your Household, including margin
balances and other outstanding debit balances like mortgage, Home Equity Line of
Credit (HELOC) and credit card balances. In order to determine qualification for
any fee waiver and/or interest rate, Schwab will add up your daily Household
Balances for the applicable time period, then divide this total by the number of
days in the period.

Minimum Deposit Requirement—The minimum amount that must be
deposited and maintained in an account to avoid account closure. For Schwab One
International® Accounts and Schwab One International®
Accounts for clients associated with Charles Schwab, U.K., Ltd., Charles Schwab
Australia Pty Ltd., and Charles Schwab Singapore Pte. Ltd., the amount that must
be maintained in an account is $1,000—lower than the Minimum Deposit
Requirement.

*These fees also apply to trades of Canadian stocks, American Depositary
Receipts, and stocks of foreign-incorporated companies that are listed on U.S.
or Canadian exchanges or whose trades clear and settle in the U.S. or
Canada.

Note: Short sells and buys to cover for third-party ETFs participating in
Schwab ETF OneSource™ are subject to online commissions plus any additional
fees.

Foreign Stock Transactions†

Trades placed directly on a foreign exchange

Broker-Assisted The greater of $100 or 0.75% of principal, with no
maximum

† These fees apply to trades of foreign ordinary shares placed
directly on a foreign exchange or on the U.S. over-the-counter (OTC) market.

Special Stock Transactions

Large block transactions (orders of 10,000 or more shares, or orders over
$500,000): May be eligible for special handling and/or pricing—please call us
for information.

Restricted stock transactions: Broker-assisted commission pricing schedule
applies for all restricted stock trades. Single trade orders that include
restricted and unrestricted shares of the same stock will be treated as
separate orders and subject to multiple commissions at their respective
applicable rates.

Stock Borrow Fees For Short Selling

For certain securities, if you have an open order or open short position in
your Account, whether it is established through short selling, option exercise
or assignment, account transfer, or otherwise, Schwab may charge a Stock Borrow
Fee. The fee is calculated as the end of day short market value, multiplied by
the quoted interest rate, divided by 360. This Stock Borrow Fee is subject to
change on a daily basis and may be charged as long as you hold the open short
position. The aggregate monthly Stock Borrow Fee will appear on your account
statement. The interest rate charged will vary depending on the supply and
demand for the particular security in the securities lending market. Schwab may
seek to charge you any rate consistent with Schwab's view of competitive
necessities.

Mutual Fund Transaction Fees per Executed Trade

Some funds may also charge sales and/or redemption fees. Please read the
prospectuses for details. You can buy shares directly from a fund company or its
principal underwriter or distributor without paying Schwab's transaction or
service charges (except Schwab Funds®).

Transaction-Fee Funds5

Note: Per-trade transaction fees do not exceed 8.5% of principal, up to
$49.95. Trades below $100 in principal are exempt from the transaction fee. For
information about offshore funds (funds registered outside the U.S. for purchase
by non-U.S. persons only), please call us.

Note: Transactions resulting from options exercises and assignments will be
subject to the online commission.

Futures and Futures Options Commissions

Futures $1.50 per contract

Futures Options $1.50 per contract

Broker-Assisted $1.50 per contract with no additional
fee

Note: Commission rates depicted above are quoted on a per-contract, per-side
basis. Pricing does not include customary National Futures Association (NFA) and
exchange fees. Additional fees may apply at some foreign exchanges. NFA and
exchange fees may increase or decrease depending on the rates set by NFA or by
the various futures exchanges, as applicable. Additional market data fees may
apply at some futures exchanges.

Fixed Income Investments

Schwab reserves the right to act as principal on any fixed income
transaction, public offering, or securities transaction. When Schwab acts as
principal, the bond price includes our transaction fee (outlined below) and may
also include a markup that reflects the bid-ask spread and is not subject to a
minimum or maximum. When trading as principal, Schwab may also be holding the
security in its own account prior to selling it to you and, therefore, may make
(or lose) money depending on whether the price of the security has risen or
fallen while Schwab has held it. When Schwab acts as agent, a commission will be
charged on the transaction.

Special Service Fees

Exchange Process Fee—This is a fee Schwab charges to offset
fees imposed on us by national securities and self-regulatory organizations or
by U.S. option exchanges.

The Securities and Exchange Commission (SEC) assesses transaction fees on
national securities exchanges and self-regulatory organizations based on the
aggregate dollar amount of sales of certain securities. The SEC recalculates the
amount of this fee periodically—at least once per year but sometimes more often.
National securities exchanges and self-regulatory organizations offset the
transaction fees by charging their member broker-dealers such as Schwab, and we,
in turn, offset this fee by charging you an Exchange Process Fee for covered
sell transactions.

U.S. option exchanges charge Schwab and other broker-dealers per-contract
fees for purchases and sales of exchange-listed options. The exchanges may
charge these fees even on transactions executed on other exchanges, which can
result in multiple fees being imposed on Schwab for a single transaction. Schwab
offsets these fees by charging you a single Exchange Process Fee for each
covered transaction.

Any Exchange Process Fee that appears on your trade confirmation for a sale
of an exchange-listed option combines the offsets for the fees charged both by
the U.S. option exchanges and by the national securities and self-regulatory
organizations.

Schwab's Exchange Process Fee will rise or fall periodically
depending upon the rates set by the SEC or by the U.S. option exchanges, as
applicable.

Transaction Fee—This fee includes either fees charged for
purchases and sales of certain mutual fund shares or fees charged for purchasing
U.S. Treasury obligations via the auction process. The amount of this fee will
appear on your trade confirmation.

American Depositary Receipt (ADR) Fee—Banks that custody
ADRs are permitted to charge ADR holders a fee. Fees collected from Schwab by
the Depository Trust Company for an ADR will be automatically deducted from your
Schwab account(s) and shown on your account statement(s) as "ADR Pass-Thru
Fee."

Futures Delivery Fee—Schwab Futures assesses a $100
per-contract fee to offset costs associated with client transactions to make or
take delivery of a physically deliverable commodity. In addition, other fees not
assessed by Schwab Futures may be passed through to you, including, but not
limited to, fees charged by our clearing firms and others for commodity
handling, inspections, storage and warehousing, delivery financing, etc. Some
fees may be one-time delivery-related fees, while others may be recurring fees
assessed at periodic intervals. You will see such fees itemized on your Schwab
Futures trade confirmations and account statements. Delivery-related fees are
subject to change without notice.

Futures trading is offered and positions are held through Charles Schwab
Futures, Inc., a separate but affiliated company of Charles Schwab & Co.,
Inc.

Special Service Fee Waivers

Fees to order out physical certificates: Fees may be waived for households
that meet certain asset levels or trading activity minimums.

Security reorganization fees: Fees are waived with $500,000 or more in
Household Balances, or 36 or more stock or option trades per year in Accounts
of Your Household.

Wire transfer fee: With $100,000–$499,999 in Household Balances, you will
receive three free online domestic wire transfers per quarter; with $500,000
or more in Household Balances, or 36 or more stock or option trades per year
in Accounts of Your Household, you will receive three free domestic wire
transfers per quarter.

Endnotes

1Excluding mutual funds, commissionable trades that execute over
more than one day will be charged a separate commission for each additional day;
each separate commission will apply to the portion of the trade executed on the
corresponding additional day. Trade orders for which price or quantity are
changed by the client and, as a result, execute over multiple trades on the same
day are each charged a separate commission.

4Transactions for foreign ordinary shares incur additional
custody, clearing, and settlement expenses. A foreign transaction fee is added
to trades placed on the U.S. over-the-counter (OTC) market through all channels.
The commission and foreign transaction fee will be combined and will appear as
one line item, labeled "Commission," on your trade confirmation.

5Standard fees apply on both transactions when placing
simultaneous orders to sell one or more transaction-fee fund(s) and purchase
additional transaction-fee fund(s) with the proceeds.

6Schwab's short-term redemption fee will be charged on redemption
of funds purchased through Schwab's Mutual Fund OneSource® service
(and certain other funds with no transaction fee) and held for 90 days or less.
Schwab reserves the right to exempt some funds from this fee, including certain
Schwab Funds®, which may charge a separate redemption fee, and funds
that accommodate short-term trading.

Commissions and Transaction Fees for Schwab Global Accounts

Introduction

With your Schwab Global Account™, you have the choice of placing trade orders
for foreign securities:

On foreign exchanges in foreign currencies; or

On the U.S. over-the-counter market in USD.

To establish a Schwab Global Account™, you must have a Schwab One®
Account. Please see the information below about commissions and transaction fees
for your Schwab Global Account™. To view other pricing information that may
apply to your Schwab Global Account™, please refer to the rest of this
guide.

Commissions and Transaction Fees

For Schwab Global Accounts, trades placed on foreign stock exchanges are
subject to commissions and local broker fees, as follows:

Trades Placed on Foreign Stock Exchanges¹

Commissions and Fees per Executed Trade in Local Currency

Country

Commission: Online Trades

Commission: Broker-Assisted Trades

Local Broker Fee²

Australia

32 AUD

70 AUD

0.1% of principal

Belgium

19 EUR

50 EUR

0.1% of principal

Canada

14 CAD

70 CAD

Varies3

Finland

19 EUR

50 EUR

0.1% of principal

France4

19 EUR

50 EUR

0.1% of principal

Germany

19 EUR

50 EUR

0.1% of principal

Hong Kong5

250 HKD

600 HKD

0.1% of principal

Italy6

19 EUR

50 EUR

0.1% of principal

Japan

2000 JPY

6000 JPY

0.1% of principal

Netherlands

19 EUR

50 EUR

0.1% of principal

Norway

160 NOK

400 NOK

0.1% of principal

United Kingdom7

9 GBP

30 GBP

0.1% of principal

1This list of countries and fees is subject to change without
notice.

2Schwab is charged a local broker fee for all trades placed
directly on foreign markets. The fee is passed directly on to clients and
reported separately as "Other fee/tax" on the trade confirmation.

3Local broker fees in Canada are up to $0.005 CAD per share for
stocks trading at less than $1 CAD per share, and $0.01 CAD per share for stocks
trading at or above $1 CAD per share.

4The additional fee charged is a financial transaction tax of 0.2%
of principal imposed by the government of France. It applies on all buys
for securities with a market capitalization in excess of €1 billion. This is
reflected in "Other fee/tax" on the trade confirmation.

5Additional fees charged in Hong Kong include:

Transaction levy of 0.003% of principal on buys and sells, rounded to the
nearest HK cent.

Trading fee of 0.005% of principal on buys and sells, rounded to the
nearest HK cent.

Stamp duty of 0.1% of principal on buys and sells, rounded up to the
nearest HK dollar.

6The additional fee charged is a financial transaction tax of 0.2%
of principal imposed by the government of Italy. It applies on all buys for
securities with a market capitalization in excess of €500 million. This is
reflected in "Other fee/tax" on the trade confirmation.

7Additional fees charged in the United Kingdom include: PTM Levy
£1 GBP on buys and sells where the principal amount is greater than £10,000 GBP
and a stamp duty of 0.5% of principal on buys only.

Foreign Currency Transactions1

Foreign currency transactions are subject to a fee based on the amount of
currency converted in a single transaction, as follows:

1To the extent that you hold a foreign currency in your Schwab
Global Account™ that is paying a negative interest rate, Schwab may be charged
interest to hold that currency. If that occurs, Schwab reserves the right to
charge your Account, with no additional markup, the amount of interest charged
to Schwab.

Foreign Stock Transactions Placed on the U.S. Over-the-Counter
Market

Commissions and Fees per Executed Trade in U.S. Dollars

American Depositary Receipts (ADRs)

Online $4.95

Broker-Assisted $29.95 ($4.95 plus a $25 fee for broker
assistance)

1Transactions for foreign ordinary shares that take place on the
U.S. over-the-counter (OTC) market incur additional custody, clearing and
settlement expenses. A foreign transaction fee is added to trades placed for
these shares through all channels. The commission and foreign transaction fee
will be combined and will appear as one line item ($54.95 or $79.95), labeled
"Commission," on your trade confirmation.

Please note that this does not apply to Schwab accounts managed by an
independent investment advisor.